https://www.taxtmi.com/caselaws?id=98694 Compulsory winding up on the just and equitable ground was rejected because the alleged misuse of a bank account was explained, refusal to employ the petitioner in the retail business was not enough by itself, and the supposed profit-sharing agreement was not proved. The court held that the parties' settled course of conduct, under which each brother had long run one company with little interference from the other, could not be turned into a basis for complaint merely because the petitioner wanted the arrangement changed in his favour. On the evidence at the hearing, there was no present lack of confidence justifying liquidation. en-us Tue, 20 Jan 1970 00:00:00 +0530 Sat, 21 Jan 2012 16:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98694 Compulsory winding up on the just and equitable ground was rejected because the alleged misuse of a bank account was explained, refusal to employ the petitioner in the retail business was not enough by itself, and the supposed profit-sharing agreement was not proved. The court held that the parties' settled course of conduct, under which each brother had long run one company with little interference from the other, could not be turned into a basis for complaint merely because the petitioner wanted the arrangement changed in his favour. On the evidence at the hearing, there was no present lack of confidence justifying liquidation. Case-Laws Companies Law Tue, 20 Jan 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98694